Todd Nesbit

Todd Nesbit

In addition to holding the title of Affiliated Senior Scholar with the Mercatus Center, Dr. Todd Nesbit is a Senior Lecturer in Economics and Competitive Markets at The Ohio State University and an Adjunct Scholar at the Mackinac Center for Public Policy. He is on a leave of absence from his Assistant Professor position at the College of Charleston for the 2012 - 2013 academic year. Dr. Nesbit earned dual B.S. degrees in Economics and Mathematics from Capital University in 2001 and then went on to complete his Ph.D. in Economics at West Virginia University in 2005. Dr. Nesbit has authored peer-reviewed professional publications appearing in the Journal of Economic Behavior and Organization, the Southern Economic Journal, and Public Budgeting and Finance, among others. His primary research interest is in public policy issues generally, and excise taxation specifically.

Testimony & Comments

It is not clear based on the FDA’s analysis whether its proposed rule is in the best interest of society. FDA makes no attempt to estimate the benefits of the regulation, and the analysis of the costs is very likely biased downward due to questionable assumptions and omissions. Further, changes of behavior are only selectively considered—discussing them when logically leading to benefits but dismissing the costs associated with those changes in behavior.